Southern Spain property sales
Looking at the raw data, it appears that this drop in is accounted for by a sharp decrease in the in the sale of newly built properties. New built sales decreased by 23.6 percent compared to the same period in 2009. While resale properties in Andalucia decreased by 16.99 percent compared to the previous year.
Data by provinces
By provinces, of the 87,822 operations registered in Andalusia in the last 12 months, 23,107 were registered in the province of Malaga (Costa del Sol), where there was a reduction of the 13.57 percent compared to the previous 12 months. Sevilla had 16.571 transactions, down 21.15 percent; Cadiz, 12.267 (- 26.92 percent), Almeria 11.152 (-13.54 percent) Granada 9.787 (- 15.59 percent); Cordoba 5.606 (- 25.06 percent); Huelva 4.711 (-36.1 percent) and Jaén 4,621 (- 35.51 percent).
As far as the first trimester of 2010 stands, of the 22,217 transactions registered in Andalucia, 5,558 they were registered in Malaga, a reduction of the 4.55 percent; 4.386 in Seville (- 0.53 percent); 3.020 in Cadiz (- 2.97 percent); 2.735 in Almeria, a 1.07 percent increase; 2.330 in Granada (-2.41 percent); 1.624 in Cordoba (+3.3 percent); 1.423 in Huelva (- 3.42 percent); and Jaén, with 1,141, a 6.36 percent decrease on the previous trimester.
Please note though these stats refers to total sales transaction. These figures vary slightly from my usual figures as mine tend to only refer to ‘urban’ Costa del Sol property, whereas these include rural properties as well.
Regards
Andrew Bellés
